A new trading day began on Friday, with MaxLinear Inc (NASDAQ: MXL) stock price down -3.40% from the previous day of trading, before settling in for the closing price of $14.42. MXL’s price has ranged from $11.08 to $26.59 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 21.43% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -180.45%. With a float of $78.72 million, this company’s outstanding shares have now reached $81.82 million.
In an organization with 1759 employees, it is important to assess its efficiency.
MaxLinear Inc (MXL) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of MaxLinear Inc is 6.17%, while institutional ownership is 87.02%. The most recent insider transaction that took place on Jul 30 ’24, was worth 1,401,592. In this transaction Chairman, President and CEO of this company bought 108,303 shares at a rate of $12.94, taking the stock ownership to the 531,937 shares. Before that another transaction happened on Mar 01 ’24, when Company’s Director sold 12,000 for $19.57, making the entire transaction worth $234,840. This insider now owns 61,556 shares in total.
MaxLinear Inc (MXL) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.02 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -180.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.81% during the next five years compared to -18.83% drop over the previous five years of trading.
MaxLinear Inc (NASDAQ: MXL) Trading Performance Indicators
Here are MaxLinear Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.31, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach 0.42 in one year’s time.
Technical Analysis of MaxLinear Inc (MXL)
Let’s dig in a bit further. During the last 5-days, its volume was 0.96 million. That was better than the volume of 0.91 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.22%. Additionally, its Average True Range was 0.89.
During the past 100 days, MaxLinear Inc’s (MXL) raw stochastic average was set at 18.38%, which indicates a significant decrease from 42.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.89% in the past 14 days, which was lower than the 100.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.02, while its 200-day Moving Average is $18.88. However, in the short run, MaxLinear Inc’s stock first resistance to watch stands at $14.22. Second resistance stands at $14.50. The third major resistance level sits at $14.73. If the price goes on to break the first support level at $13.71, it is likely to go to the next support level at $13.48. Assuming the price breaks the second support level, the third support level stands at $13.20.
MaxLinear Inc (NASDAQ: MXL) Key Stats
With a market capitalization of 1.17 billion, the company has a total of 83,128K Shares Outstanding. Currently, annual sales are 693,260 K while annual income is -73,150 K. The company’s previous quarter sales were 91,990 K while its latest quarter income was -39,270 K.
